USDCAD on the edgeWith the triple CPI news at 2:30PM, we're really confident to say that USD is taking a huge bump, leading USDCAD to a new lower low.
Usdcadanalysis
USDCAD GOING THROUGH THE ROOF (2)Now 's the time !
News CPI for USD today, more impact on currencies than US100
It has followed our large uptrend since 1rst of cotober now ;
it is now looking to push through the purple key level, which is pretty weak and ready to be broken ;
did not break too low tonight, even more ready to blow up
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD 1:7 RR trade idea The dollar index almost hit a 2 year low but the price reversed only half a percent higher from the said level. After CPI news, the dollar ended its bullish streak, after touching the highs of 2020. For that reason the USDCAD, which has just finished its second bullish leg by the Elliot Wave theory(6 bullish days in a row). Currently looking for a second correction, to what quarterly VWAP high indicates. Looking for a 7% short trade setup(1% risk) targeting 1.365(Quarterly VWAP + 0.382 retarcement) for 100 pips.
This analysis is taught and provided by Fractals Trading Community.
Trade safely and expect the unexpected,
Mei
USDCAD Rally Hits Critical Resistance – Time for a Short?USDCAD has surged in October, but multiple confluences suggest a short-term selling opportunity is emerging. Let's break down the charts.
Starting with the weekly charts, we can see that USDCAD has been in a long-term range-bound market between 1.39 and 1.32, with price consistently respecting this range over the past two years. I've marked another key resistance area at 1.375 in red, which has also held strong multiple times in recent years.
This is the first confluence. The second confluence becomes clear when we zoom into the daily charts. Lining up perfectly with the weekly resistance at 1.375 is the 0.618 fib level from the down leg that started in August (see image below).
Now, taking a closer look at the 4-hour charts, the price is extremely overextended and overbought. When price action reaches this point, especially as it approaches key higher timeframe resistance zones like we are now, a reversal is usually imminent.
Given these confluences, a selling opportunity seems highly likely. With the US CPI data being released today, we could see a spike above 1.375 towards 1.38, followed by a sell-off.
Here’s how I plan to approach this: I’ll wait until after the news. If there’s a sharp spike above the mentioned resistance areas, I’ll fade the move on the first SELL signal from the lower timeframes using my TRFX indicator.
If there’s no spike and price continues to grind up, I’ll be watching for a 30-minute or 1-hour sell signal and will enter the market accordingly.
My first target for this setup is 1.36, with a stop loss around 1.383, depending on where I enter.
Let me know your thoughts in the comments below!
USD/CAD Ready To Go Up Very Hard , Are You Ready ?Risky Long Setup On USD/CAD Depend On Price Action , Today Or Tomorrow It Will Go Up After Big Movement To Downside Without Any Correction . If We Have A Good Daily Closure Above This Supp And New Res , It Will Be A Good Chance To Buy It !
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USD/CAD Fully Closed +400 Pips , Did You Enter ?All Our Trades On USD/CAD Hit Final Target , 0 Drawdown , Now i`m searching to find the best place to can sell it , will update it when i have a good entry .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD SELL | Idea Trading AnalysisUSCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested.
USDCAD is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
USD/CAD "Loonie" Bank Money Heist Plan on Bullish Side.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist USD/CAD "Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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USD/CAD "LOONIE" Bank Money Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist USD/CAD "LOONIE" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 1h timeframe
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂b
USDCAD / TRADING INTO DESCENDING CHANNEL & STRAIGHT CHANNEL - 4HUSDCAD / 4H TIME FRAME
HELLO TRADERS
Trend Analysis:
1. August Price Trend:
- The price decline of 4.04% indicates a downward trend throughout the month. This could be due to various factors like market conditions, seasonal variations, or external economic influences.
2. September Price Behavior:
- The initial 1.52% rise in September suggests a possible recovery or correction after the August decline. This could indicate a shift in market sentiment or a reaction to events that occurred at the start of the month.
- The predicted 1.93% decline by the end of September suggests that the recovery was temporary and that the overall trend may continue downward. This could imply continued bearish sentiment or anticipation of adverse conditions.
Technical Analysis:
1. Current Market Condition:
The asset is under bearish pressure , As long as the price remains above 1.361, the bearish momentum is expected to continue.
2. Upward Condition:
- Target 1: If the price breaking 1.361 by closing 4h candle above it , it's expected to rise to 1.370.
- Target 2: If the price stabilizes above 1.370 , the next target is 1.374.
3. Downward Condition:
- If the price trade below 1.361 , it suggests a potential decline:
- Target 1: A decline to 1.350.
- Target 2: If it breaks below 1.350, further decline is expected to 1.344.
#USDCAD 4HUSDCAD 4H Buy Opportunity
The USDCAD pair is currently presenting a promising buy opportunity on the 4-hour chart. Recent price action indicates a bullish reversal pattern, with key support established around and a clear upward momentum forming.
Technical Indicators:
Moving Averages: The short-term moving average has crossed above the long-term moving average, suggesting a potential bullish trend.
RSI: The Relative Strength Index is approaching the oversold territory, indicating that the pair may be undervalued and due for a bounce.
MACD: The MACD line is showing positive divergence, reinforcing the buy signal.
Key Levels to Watch:
Support Level:
Resistance Level:*
Resistance Level:
Strategy:
Consider entering a long position near the support level, with a stop-loss set below recent lows to manage risk. Aim for a target at the next resistance level, capitalizing on the upward momentum.
Monitor economic news and geopolitical developments that could impact CAD and USD, as they may influence market conditions.
Overall, the current setup on the 4-hour chart suggests a favorable risk-to-reward ratio for a bullish position on USDCAD.
USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame
USDCAD BUY SETUP R:R 1:4This is for short term
Always place your order where you place stop loss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
USD/CAD - Expected.. A previous preparation would not be bad to make a big move!
It has already taken liquidity so it is time to be alert..
Always before a consolidation, patience pays more than cunning..
We must wait for either a high point or a low point to be able to execute.. (in this case we continue with the purchases..)
It may also not consolidate so much and continue long..
If the perspective is good, the strategy always adapts.
If you liked it, do not forget to like and follow me! :)
Going Long on UCADThe news released for USD was positive, so I'm expecting USD to rise. It has already taken out the last high, and it could potentially push higher.
#USDCAD 1DAYUSDCAD Daily Analysis: Uptrend and Buy Opportunity
The USDCAD currency pair is currently displaying a strong upward trend, characterized by a series of higher highs and higher lows. Recent price action indicates that the pair is gaining momentum, driven by positive economic data from the U.S. and supportive factors from the Canadian economy.
Key Indicators:
Moving Averages: The 50-day moving average is positioned above the 200-day moving average, confirming the bullish trend.
RSI: The Relative Strength Index (RSI) is trending upwards but remains below the overbought threshold, suggesting room for further gains.
Support Levels: Recent pullbacks have respected key support levels, providing a solid foundation for potential upward movement.
Market Sentiment:
Investor sentiment is leaning towards bullishness, with increased demand for the U.S. dollar amid a stable economic outlook. Additionally, any shifts in oil prices can influence the CAD, but currently, the technical setup favors a continued upward trajectory.
Buy Opportunity:
Traders looking to capitalize on this uptrend should consider entering long positions on pullbacks to key support levels, ideally in conjunction with positive market news or economic releases. Targeting previous resistance levels can provide a favorable risk-reward ratio.
Overall, the USDCAD pair presents a promising buy opportunity for traders looking to align with the prevailing uptrend.
USDCAD limited by the 200dma & 1.3610 … the week of 16 Sep, 2024About a month ago, this pair broke below the 1.3610 level and since then has been unable to overcome it despite 7 attempts. The 200 dma has resisted bullish efforts and my bearish bias is also supported by Ichimoku Kinko Hyo.
I will be on the lookout for bearish evidence on lower time frames such as H4 and H1, see how such price action relates to the 20 sma before committing to a trade. If, however, a strong move to the up side forms, that would negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soro s
USDCAD Will Fall! USD-CAD made a retest
Of the horizontal resistance
Of 1.36058 and we are already
Seeing a bearish reaction
So we will be expecting
A further local move down !
#USDCAD 1HSell Opportunity: USDCAD 1H Chart
Pattern: Rectangle Resistance
Description:
On the 1-hour chart for USDCAD, the currency pair is showing a classic rectangle pattern at the resistance level. This pattern is characterized by a consolidation phase where the price oscillates between well-defined support and resistance lines, forming a horizontal channel.
Currently, the price is approaching the upper boundary of this rectangle pattern, which acts as a resistance level. This is a typical sell opportunity as the market is expected to face selling pressure upon hitting this resistance.
Traders should consider entering a sell position as the price tests this resistance area, with the expectation of a potential reversal or pullback. The ideal strategy would be to set a stop-loss just above the resistance level to manage risk, and look for a target within the rectangle's support range.
Keep an eye on additional confirmation signals, such as bearish candlestick patterns or momentum indicators, to validate the sell setup and increase the probability of a successful trade.
usdcadlower time frames is always 4 ideas ,these 4 arrows are them... focus on the best quality setups and everything will flow smooth.
usdcad weekly structure showing bearish signs, brake and retest to the downside, this is inverted scale so it looks like a great opportunity to trade. Both blue boxes are Candle patterns that are repeating history. Remember this is inverted scale ...
USDCADOn the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.
